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Stock impact report

BlueScope, BHP and Rio Tinto select WA for Australia’s largest ironmaking electric smelting furnace pilot plant study

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Business Wire
PERTH, Australia--(BUSINESS WIRE)--Australia’s two largest iron ore miners and its biggest steelmaker have selected the Kwinana Industrial Area, south of Perth, as the location to develop Australia’s largest ironmaking electric smelting furnace1 (ESF) pilot plant.The groundbreaking project combines the expertise of BlueScope, BHP and Rio Tinto to test technology to enable the use of Pilbara iron ore to produce iron without the need for traditional blast furnaces, as the companies come together to try to accelerate the decarbonisation of steelmaking.The industry leaders formed the NeoSmelt collaboration in February, combining BHP and Rio Tinto’s deep knowledge of Pilbara iron ore, with BlueScope’s unique operating experience in ESF technology.The NeoSmelt parties also announce Woodside Energy will join the consortium as an equal equity participant and energy supplier2, subject to finalising commercial arrangements.The pilot plant aims to prove Pilbara iron ore can be used to produc Show less Read more
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